Sector Slice - Banks | Bank on double digit total return | We maintain our positive view on banks on the back of sustained low interest rate levels as well as...

Mathan Somasundaram

Deep Data Analytics

Sector Slice - Banks | Bank on double digit total return | We maintain our positive view on banks on the back of sustained low interest rate levels as well as dominant market position, in a low growth, but stable economy. Falling living standards and low interest rates will deliver slow credit growth, while superannuation and global expansion will be the kickers. The bank sector has been pro-active in cutting costs with falling cost of funds. Banks continue to invest in technology to improve productivity and deliver more services and products. The high sustainable yield offered by Australian banks will continue to be favoured by local and global investors. We expect global investors to buy into Australian banks upon any substantial pullback in the currency. | Buy Ideas: ANZ, NAB | Sell Ideas: None (VIEW LINK)


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Founder & CEO
Deep Data Analytics

Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

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